There was no deal that I can see. They gifted their shares to a charity and now no longer hold more than a 5% relevant interest in BBX. Forget about hoping that Drake still have some say over that shareholding, if they did they would not have lodged a ceasing to be a substantial holder notice.
If what Midnight26 has been saying about this project is right why would Drake gift away their shares to receive a tax deduction. That is the question, Midnight26, managment and other shareholders should be asking.
He accuses us of downramping when all we are doing is trying to address the facts. He might have his wish of watching his porfolio explode (into pieces) if NPT turn sellers. Remember NPt were gifted the shares (got paid zero) so they won't be as precious about what price they average when they sell as someone who paid for the shares. Esh
BBX Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held